Intel Q2 Revenue Hits $16.1B, Guides Above Street; Margins Recover to 42%
INTC has more than doubled off its 52-week low of $18.965.
Summary
Intel delivered its strongest revenue growth in 15 years, with Q2 revenue of $16.1B beating estimates by $1.7B and EPS of $0.42 doubling consensus. The company guided Q3 revenue to $15.8B-$16.8B, well above the $15.1B Street view. Gross margins surged to 42% from 2.5% a year ago, driven by scale and higher chip prices. CEO Lip-Bu Tan highlighted AI-driven demand, while CFO David Zinsner revealed 10 long-term agreements with data center customers amid supply constraints. The data center division grew 59% to $6.3B, rapidly catching up to the client computing business. After-hours trading was volatile: shares initially jumped 13%, then turned negative before settling around +4%. This follows the 8-K filed earlier today and adds segment-level detail, margin recovery context, and management commentary on demand and capex plans.
At the time of this announcement, INTC was trading at $103.61 on NASDAQ in the Technology sector, with a market capitalization of approximately $503.8B. The 52-week trading range was $18.97 to $142.35. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: CNBC TV18.